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Serving Chapel Hill, Durham, Raleigh, Greensboro, Wilmington, Charlotte, Morehead City and all of North Carolina.

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Understanding the Principal Limit on a Reverse Mortgage and What Happens if You Reach It

November 12, 2015 by Robby Oakes

If you’re considering applying for a reverse mortgage, you’ll want to ensure you understand certain critical factors. One such factor is the principal limit. The principal limit will have a strong influence on your finances, which is why you’ll need to ensure you know – before applying for your reverse mortgage – what your principal limit is.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages, Reverse Mortgages

Pulling the Trigger: 3 Reasons Why You’ll Want to Move Fast when Buying a Home

November 11, 2015 by Robby Oakes

With all of the care and consideration that can go into deciding if a home is the right fit, it can add a wrench to the mix to realize that you may not have a lot of time to put in an offer. It’s certainly important to weigh all of the factors of buying a home before deciding to put yourself in the ring, but here is why you’ll want to come to a conclusion quickly when it comes to a home you love.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Negotiations

Did You Know? Why a Mortgage Pre-qualification Meeting Might Be Your Best Use of 5 Minutes

November 10, 2015 by Robby Oakes

If you’re in the market for a mortgage, you may want to set up a pre-qualification meeting with a bank or lender. Even if you’re not sure which lender you’d like to apply for a mortgage with, pre-qualification can still be a valuable step to take. And given that it only takes a few minutes, it’s something every potential homeowner can do.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage Preapprovals and Credit, Mortgages

What’s Ahead For Mortgage Rates This Week – November 09, 2015

November 9, 2015 by Robby Oakes

Last week’s economic reports included releases on construction spending and several labor-related reports including ADP payrolls, Non-Farm payrolls, average hourly earnings and weekly jobless claims. Freddie Mac reported that mortgage rates rose as the national unemployment rate decreased to 5.00 percent.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, Freddie Mac, Janet Yellen

How Are Pre-Qualifying And Pre-Approval Different?

November 6, 2015 by Robby Oakes

How Are Pre-Qualifying And Pre-Approval Different? Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow – but not a commitment by a lender.

Filed Under: Mortagage Tips Tagged With: Mortgage Aproval, Mortgage Tips, Video Tips

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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